Professional Indemnity Insurance

What is Professional Indemnity Insurance (PI)?

Companies have a "duty of care" to their clients, to provide a professional service in a "fit and proper" manner. Professional Indemnity Insurance insures you against the allegation, or indeed the breach, of that “duty of care”. Any legal costs, and resulting liability, are insured by the policy, subject of course to the terms and conditions.

Limits

The limit of Professional Indemnity Insurance refers to the total claims in each period, and includes costs and expenses. The selected Professional Indemnity limit, is the maximum amount that you may claim from one,, or numerous claims in a single policy year. If you wish to change the limit basis to "Any One Claim", please choose the bespoke policy options when requesting your Professional Indemnity Insurance quote online.

The standard cover is provided on a Worldwide basis, excluding USA / Canada. If you would like to extend the Professional Indemnity Insurance policy to cover work carried out in the USA / Canada, or under USA / Canada jurisdiction, please choose the bespoke policy options when requesting your Professional Indemnity Insurance quote online.

Professional Indemnity Insurance is written on a ‘Claims Made’ basis. Please see our FAQs for a definition of ‘Claims Made’.

Our Professional Indemnity Policy Wordings vary depending on the nature of the company's business. If your company operates within the: